Tag: Bond

DMO Auctions N360b FGN Bonds
December 6, 2023 No Responses

DMO Auctions N360b FGN Bonds

The Debt Management Office (DMO), on Tuesday announced the offer for subscription of four Federal Government of Nigeria (FGN) bonds valued at N360 billion through auction. According to a statement issued by the DMO, the first offer is April, 2029...
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DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit
November 21, 2022 No Responses

DMO Offers N100b “Sukuk” Bonds At N1,000 Per Unit

The Debt Management Office (DMO) offered N100 billion “Ijarah Sukuk’’ bonds for subscription at N1,000 per unit on Monday on behalf of the Federal Government.   It stated in Abuja that the offer is of 10-year tenor due for maturity...
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DMO Offers Two New FGN Savings Bonds
September 6, 2022 No Responses

DMO Offers Two New FGN Savings Bonds

The Debt Management Office (DMO), on Monday, announced two new Federal Government of Nigeria (FGN) savings bonds offer at N1,000 per unit for September. According to the DMO, on its website, the first one is a two-Year FGN Savings Bond...
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SEC Seeks Tax Exemption On Corporate Bonds
August 22, 2022 No Responses

SEC Seeks Tax Exemption On Corporate Bonds

The Securities and Exchange Commission (SEC)  has urged the federal government to consider its proposal to exempt corporate bonds from the payment of tax.  Speaking in Lagos at an interactive session with Journalists on the outcome of the second...
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DMO Lists Additional FGN Savings Bonds 
August 2, 2022 No Responses

DMO Lists Additional FGN Savings Bonds 

The Debt Management Office (DMO) has announced two additional Federal Government of Nigeria (FGN) savings bonds for an offer for the month of August, at N1,000 per unit.  DMO explained on Monday in Abuja that the first offer is a...
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DMO Raises N123b In July FG Bond Auction 
July 19, 2022 No Responses

DMO Raises N123b In July FG Bond Auction 

The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction.  A statement issued by DMO on Monday explained that the three instruments auctioned were valued at N75 billion each, totalling N225 bi...
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FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar
July 7, 2022 No Responses

FG Targets N720b in Q3 As DMO Unveil Bond Issuance Calendar

The Federal Government is set to generate about N720 billion in the third quarter of 2022 from FGN Bonds. This is according to “FGN Bond Issuance Calendar For Third Quarter, 2022” as released by the Debt Management Office (DMO).  The...
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FMDQ Exchange Lists Presco’s N50b Bond 
July 2, 2022 No Responses

FMDQ Exchange Lists Presco’s N50b Bond 

The FMDQ Securities Exchange Ltd has approved the listing of oil palm processing company, Presco Plc’s N50 billion bond on its platform.  In a statement issued on Friday, FMDQ said:  “Following the due diligence of the Exchange’s Board Lis...
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World Bank Implores Africa On Green, Sustainable Bonds 
May 28, 2022 No Responses

World Bank Implores Africa On Green, Sustainable Bonds 

The World Bank has said that Green, Social and Sustainable (GSS) bonds could contribute to Africa’s sustainable economy.  Mr Jorge Calderon, the Vice President and Treasurer, World Bank Treasury said this at a virtual workshop on GSS Bond Market Develop...
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IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others
April 8, 2022 No Responses

IOSCO Seeks Feedback On Market Liquidity, Corporate Bond Markets, Others

The Board of the International Organization of Securities Commissions (IOSCO) is publishing its report on corporate bond markets – drivers of liquidity during COVID-19 induced market stresses and invites stakeholder feedback on the analysis. &...
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Presco Issues N34.5b Series 1 Bond 
April 5, 2022 No Responses

Presco Issues N34.5b Series 1 Bond 

By Moses Ebosele, ebosele@hotmail.com   — Market leader in the supply of specialty fat and oils, Presco Plc has announced successful issuance of  N34.5billion Series 1 seven-year Fixed Rate Bonds under its N50 billion Bond Issuan...
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DMO’s Bond Auction Records N300b Over Subscription
January 21, 2022 No Responses

DMO’s Bond Auction Records N300b Over Subscription

The Debt Management Office (DMO) has revealed that the just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed.  In a statement on Thursday, DMO explained that the auction received a total of 160 bids, adding that...
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Lagos Signs N137.3b Bond Issuance For Key Infrastructural Projects
December 21, 2021 No Responses

Lagos Signs N137.3b Bond Issuance For Key Infrastructural Projects

The Lagos State Government on Monday signed the issuance of N137.3 billion bond, aimed at executing key infrastructural projects in the state. Speaking during the signing ceremony in Ikeja, Lagos State Governor, Mr Babajide Sanwo-Olu, said that the conclusion ...
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Ardova Completes N25.3b Series 1 Bond
November 17, 2021 No Responses

Ardova Completes N25.3b Series 1 Bond

Ardova Plc (AP) has successfully completed the N25.3billion Series 1 Fixed Rate Senior Unsecured Bond issue under its N60 billion debt issuance programme.  Chief Executive Officer of AP,  Mr Olumide Adeosun,in a statement on Wednesday explained that the ...
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